3 midcap stocks to add to the portfolio now; 3 realty stocks to bet on: Sanjiv Bhasin

Sanjiv Bhasin recommends investing in HDFC and M&M for long-term wealth creation. He suggests considering under-owned stocks like ONGC, IOC, Concor, IRCTC, and Nalco. GQG Capital's success with Adani and Vedanta stocks is noteworthy. The mortgage business and Tuticorin copper opening could drive growth. Bhasin also says Bandhan Bank should be in your portfolio and left there for the next two-three quarters. This can be a doubler, in the next one-one and a half year.

Sanjiv Bhasin, Director of IIFL Securities, advises investing in PSUs, OMCs, insurance companies, and largecaps like Reliance and HDFC Bank. He also suggests considering stocks like Vedanta, Hindustan Copper, Devyani, HDFC Life, and Asian Paints for potential returns. Bhasin says: We remain in a bull market but fundamentally and technically, we have reached a peak from where we can see some consolidation/correction. '

IIFL Securities' Sanjiv Bhasin recommends owning both IndusInd and HDFC Bank because of their strong return on equity, return on capital, and branch expansions. He also believes that Zomato is a no-brainer for the restaurant business and Paytm can be a huge outperformer with its financial arm in the offing. Bhasin agrees that the electronics manufacturing industry is in a sweet spot and companies like Havells and Voltas are doing extremely well. Additionally, he prefers IndusInd Bank, which he has personally invested in.

Sanjiv Bhasin recommends investing in marquee names like Patanjali, Bata, and Nestle, along with private banks and metal stocks. He believes the construction sector and the expected lower dollar will drive the growth of commodities in India. Bhasin also says he is very bullish on commodities and hence continues to have overweight on the metal stocks.

Sanjiv Bhasin says: “There is enough room for ICICI Bank now to go to new highs. Do not play it for the next few days. This is one stock which should be in your portfolio for that 20% upside which will take it to that $100 billion club. This will be, by the way, the first fourth $100 billion entry.”

“ HDFC Bank is a very good long-term and a slightly medium-term play. I do not rule out Bank Nifty going back to test 46,000 in this month itself and I would be very bullish on select banks like AU Bank, IDFC and RBL Bank which are three banks where we are taking exposure and we think can outperform.”

Sanjiv Bhasin advises investing in private banks like HDFC Bank and is optimistic about HDFC, ICICI, and Kotak. Zee Entertainment's merger talks are back on and he is hopeful that after pain, gain is going to be very much on the cards. Auto sector remains strong with top picks being Maruti, Bosch, Ashok Leyland, and Hero Moto.

Sanjiv Bhasin highlights the strength of the cement sector, particularly UltraTech, ACC, and Ambuja. Cement is going through the roof. Look at the price. There is a cartel. 53% of market share is with five players. UltraTHe recommends buying Dalmia Cement on declines. Bhasin believes these stocks will continue to be re-rated and perform well in the current market.

Sanjiv Bhasin, Director, IIFL Securities, believes there is still room for specific stocks like Kotak Bank, Dixon, Paytm, Nalco. He highlights the positive traction shown by Kotak Bank and the potential for it to deliver strong results. Bhasin also emphasizes the long-term potential of Dixon due to the growth of electronic manufacturing services (EMS). Additionally, he discusses the positive outlook for Paytm.

In the last 2 years, India's three most valued stocks - Reliance Industries (RIL), Tata Consultancy Services (TCS) and HDFC Bank - have all given negative returns. RIL is down 12%, TCS 2% and HDFC Bank around 6%.